ABUJA – The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) on Thursday said the agency had commenced a new national survey of Micro, Small and Medium Enterprises (MSMEs) in the country.
The agency’s spokesperson, Ibrahim Muhammad, said this during an interview with the News Agency of Nigeria (NAN) in Abuja.
According to him, the survey is meant to update the 2010 report which showed that there are over 17million MSME’s with a cumulative employment of over 32 million nationwide.
“I am very confident that this figure would have significantly increased and that explains why the agency is conducting another survey,” he said.
He told NAN that the need to assess the contributions of MSME sub-sector to the nation’s economy partially inspired the 2010 national MSME survey.
He described MSME as the driver of the economy, which according to him, has contributed to the growth and development of Nigerian economy.
The agency’s Director-General, Alhaji Bature Masari, in November at the 2014 Micro, Small and Medium Enterprises (MSME’s) Summit and Awards in Abuja, said SMEDAN had plans to conduct a fresh MSMEs survey.
Masari had said the MSMEs had the potential to place Nigeria among the top 20 economies of the world by 2020. (NAN)